Jack Sheidler, a director at German American Bancorp, Inc. (NASDAQ:GABC), recently acquired shares of the company's common stock. According to a recent SEC filing, Sheidler purchased 39.7307 shares on November 15, 2024, at a price of $45.305 per share, amounting to a total transaction value of approximately $1,799. This acquisition was made as part of a prior election by Sheidler to use a portion of his director compensation through the company's Dividend Reinvestment and Stock Purchase Plan. Following this transaction, Sheidler now holds 63,621.9182 shares directly.
InvestingPro Insights
Jack Sheidler's recent share acquisition aligns with several positive trends for German American Bancorp (NASDAQ:GABC). According to InvestingPro data, GABC has demonstrated strong performance, with a 56.8% price total return over the past year and a 36.58% return over the last six months. This robust performance is reflected in the stock trading near its 52-week high, with the current price at 97.18% of its peak.
InvestingPro Tips highlight GABC's commitment to shareholder value, noting that the company has raised its dividend for 12 consecutive years and maintained dividend payments for 32 years. This consistency in dividend policy may be particularly appealing to directors like Sheidler who participate in dividend reinvestment plans. The current dividend yield stands at 2.37%, with a notable dividend growth of 8% in the last twelve months.
The bank's financial health appears solid, with a P/E ratio of 16.39 and a price-to-book ratio of 1.81, suggesting a reasonable valuation relative to its peers. GABC's profitability is also noteworthy, with an operating income margin of 42.89% for the last twelve months as of Q3 2024.
For investors seeking more comprehensive analysis, InvestingPro offers additional tips and insights, with 10 more tips available for GABC on the platform.
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